The price has been moving in an ascending triangle pattern for about a few months. Every time it has tested the channel ceiling, buyers have left their trades and saved profits. Continues
At the bottom of the channel, we see two false break outs, which have occurred mostly to activate buyers' stop-loss
Channel floor failure occurs if very strong sales pressure from marketers enters the market if the data
on -chainCheck that most buyers have bought in the range of $ 3,000, so it only breaks the price of the canal if the rivers come out of their trades at a loss.
Look carefully at the chart and you will notice that our trading pattern consists of two high swings, in the first swing the price has experienced a 300% growth in 65 days, and finally the price is corrected to 60% of its previous swing In terms of Fibonacci, it is also a golden zone. Eventually, the price will come out of its correction and the second swing will grow by 180% in 50 days.
The price always likes to follow its past. Finally, at the end of the second swing, buyers have left their trades and made a profit, and sellers have lowered the price as much as their previous correction, while the war between Russia and Ukraine intensified. If not, we can expect the third swing to form in the coming months
Every time the price of the canal ceiling is broken by force, it has retested after a while, and after that we have seen good growth in the coming months.
We expect the price to follow its past and experience good growth in the coming months after the canal ceiling breaks.
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At the bottom of the channel, we see two false break outs, which have occurred mostly to activate buyers' stop-loss
Channel floor failure occurs if very strong sales pressure from marketers enters the market if the data
on -chainCheck that most buyers have bought in the range of $ 3,000, so it only breaks the price of the canal if the rivers come out of their trades at a loss.
The price always likes to follow its past. Finally, at the end of the second swing, buyers have left their trades and made a profit, and sellers have lowered the price as much as their previous correction, while the war between Russia and Ukraine intensified. If not, we can expect the third swing to form in the coming months
We expect the price to follow its past and experience good growth in the coming months after the canal ceiling breaks.
PLEASE LIKE AND COMMENT
